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Mortgage Broker News | 03 Jul 2014, 07:51 AM Agree 0
Canadians don’t consider home loans to be ‘debt’, especially the younger generation… Winnipeg councillors see audit on real estate deals… A bit of Canada up for sale in Miami... And, coping with the bubble, how the UK’s struggling with conditions similar to ours…
  • Dave | 03 Jul 2014, 08:40 AM Agree 0
    "Manulife found that the younger generation in particular, do not consider a mortgage to be a burden in the same way as credit card debt."

    That's because they haven't seen a 25% correction yet. When it happens, they'll be thinking differently about that 95% ltv mortgage they took out.
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